Nexo secures credit authorization and launches regulated crypto-backed credit lines in Australia

Nexo, one of the largest crypto lenders in the world, has been appointed a Credit Representative in Australia, a regulatory step that allows the company to offer its Credit Lines product under the country’s National Consumer Credit Protection Act. 

The authorization places Nexo among a small group of digital asset platforms permitted to offer regulated credit backed by cryptocurrency in Australia. The company is locally incorporated, registered with AUSTRAC as a virtual asset service provider, and a member of the Australian Financial Complaints Authority (AFCA).

Which services has Nexo launched in Australia?

Nexo’s Credit Lines let eligible clients borrow against their digital assets without selling them. This is designed to preserve exposure to crypto markets while still generating liquidity. Interest rates on the product range from 0.9% to 21.9% annually, with the exact rate depending on a client’s loyalty tier and the version of the credit line chosen.

In its statement, Nexo mentioned that the funds are usually made available within 24 hours, and they do not come with a fixed term. Nexo also stated that there are no origination fees and that repayment is flexible. 

Those who apply for these loans can also choose how they want to receive the payouts, as they have the Australian dollar and stablecoin options.

Australian users are issued a dedicated AUD account number for deposits, and this feature is meant to reduce delays that can occur when moving money into crypto platforms. 

The product also includes a feature Nexo calls “Collateral Exchange,” which allows borrowers to swap between eligible collateral assets without interrupting an existing credit line.

Why is the Australian market primed for this move right now?

Crypto ownership in Australia has increased, with over 33% of the population now owning crypto this year. This is up from 31% in 2025, according to the Independent Reserve Cryptocurrency Index.

Also, awareness of cryptocurrency has gone up to 95% nationally, with adoption led by Australians between 25 and 34 years old.

At the same time, demand for personal credit has also been on the rise. New personal fixed-term loan commitments totaled 9.8 billion Australian dollars in the March quarter of 2026, up by 14.5% from a year earlier, according to the Australian Bureau of Statistics. 

Traditional vehicle financing was not responsible for much of that growth, and more Australians explored areas that the bureau classifies as personal investment, travel, and household goods, among others.

Peter Stanhope, general manager for Australia at Nexo, said the company built its products to work within Australia’s existing regulatory setup from the outset. “We built these products to give Australian clients highly cost-competitive credit and the ability to put their digital assets to work, whilst assessing each product against the applicable Australian framework,” he said. 

The Credit Lines join Nexo’s existing Australian offerings, including its exchange product and a savings product rebranded as Nexo Growth, which offers returns of up to 10% annually on supported assets. 

Nexo also has a loyalty program called Wealth Club, which rewards higher platform activity with better Credit Lines rates and perks. The program also won an award for digital customer experience from The Digital Banker in 2025.